National Health Investors, Inc. (NHI)

National Health Investors Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	142.93	137.99	135.65	66.4	111.8	185.13
Depreciation & Amortization	75.52	71.44	69.97	70.88	80.8	83.15
Other Amortization	9.82	9.48	7.21	11.84	5.38	6.38
Gain (Loss) on Sale of Assets	-5.39	-6.78	-14.72	-28.34	-32.5	-21.32
Gain (Loss) on Sale of Investments	-6.26	-6.26	-	-	-	-
Asset Writedown	-	0.65	1.64	51.56	51.82	-
Stock-Based Compensation	4.97	4.18	4.61	8.61	8.42	3.06
Income (Loss) on Equity Investments	-1.94	-0.4	-0.56	-0.57	1.55	3.13
Change in Accounts Payable	0.15	3.29	5.93	0.43	3.35	-6.68
Change in Other Net Operating Assets	-2.21	-4.7	-2.74	-3.53	-4.05	0.16
Other Operating Activities	-4.57	0.02	-22.64	7.66	-15.96	-20.64
Operating Cash Flow	212.5	207.77	184.45	185.34	210.86	232.15
Operating Cash Flow Growth	3.92%	12.64%	-0.48%	-12.10%	-9.17%	-3.65%
Acquisition of Real Estate Assets	-277.29	-157.93	-49.56	-10.99	-50.35	-116.72
Sale of Real Estate Assets	1.52	6.18	57.03	168.96	238.86	39.63
Net Sale / Acq. of Real Estate Assets	-275.77	-151.75	7.48	157.97	188.52	-77.09
Investment in Marketable & Equity Securities	1.94	0.4	3.06	0.57	1.21	-0.88
Other Investing Activities	0.39	0.08	-	-	-	-
Investing Cash Flow	-286.56	-192.32	-11.63	197.95	185.28	-89.71
Long-Term Debt Issued	-	449.7	564	225	491.78	305
Long-Term Debt Repaid	-	-438.94	-576.43	-318.39	-752.39	-250.73
Net Debt Issued (Repaid)	-17.53	10.76	-12.43	-93.39	-260.61	54.27
Issuance of Common Stock	265.88	142.39	-	-	47.9	34.65
Repurchase of Common Stock	-5.61	-5.82	-	-152.24	-	-2.71
Common Dividends Paid	-161.5	-156.51	-156.24	-161.77	-182.9	-194.58
Other Financing Activities	-4.76	-4.4	-1.05	6.14	-7.39	-3.39
Net Cash Flow	2.42	1.89	3.1	-17.97	-6.86	30.67
Cash Interest Paid	54.09	55.37	51.9	42.66	43.68	43.41
Cash Income Tax Paid	0.2	0.2	0.2	0.2	0.1	0.1
Levered Free Cash Flow	179.09	168.26	190.79	194.1	108.16	261.18
Unlevered Free Cash Flow	209.37	199.12	222.45	217.89	135.56	288.84
Change in Working Capital	-2.59	-2.56	3.29	-2.7	-0.44	-6.74

Updated May 5, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q